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Chembond Chemicals’ arm permanently closes Thane manufacturing facility

23 Aug 2021 Evaluate

Chembond Chemicals’ wholly owned subsidiary -- Phiroze Sethna has permanently closed the Thane manufacturing facility. The revenue contributed by the unit during the last financial year was Rs 7 crore and reason for the closure is poor financial viability.

Chembond Chemicals, incorporated in 1975, is engaged in specialty chemicals business and offers a range of products for industrial applications.

Peers
Company Name CMP
Godrej Industries 905.20
SRF 2344.00
BASF India 3051.40
Pidilite Inds. 1460.00
Tata Chemicals 595.55
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